Oil prices have become something of a contrarian indicator for alternative energy. While the surge above $145 a barrel this summer seemed to promise a golden age of...

Fears the global economy will get worse dropped oil prices to levels not seen in 4.5 years. Investors shrugged off Wednesday’s record production cut by OPEC, the...

International markets, Forecasts, Rumors, Products and services, Middle East, Economic data, Oil, Financial Crisis Oil prices are getting a big boost today, as...

I could not believe my eyes today, gas at $2.87! I remember this summer I was driving home from the beach and noticed the rural (which is always lower than suburban)...

The world undergoes a major financial crisis resulted from credit crisis. Some financial analysts and experts have said that it is the major crisis since the...

All of us prayed, some of us wept, and some of us thought it would never happen. But check out this headline in The New York Times : Oil Prices Slip Below $70 a...

To win allies and forge an anti-American front, Mr Chavez sells oil to friendly countries at low prices. Ironically, the only big customer buying Venezuelan oil at the...

Oil prices jumped more than $1 a barrel on Wednesday, rebounding from a five-month low after OPEC surprised traders with a deal to effectively cut production by just...

A few weeks ago, the idea of offshore drilling was starting to be seriously considered. Many officials were realistic, saying that the oiled obtained would not come in...

Oil rose over $1, climbing back above $126 a barrel, on Monday lifted by jitters about Iran’s nuclear activities and violence in OPEC member Nigeria. US light...

I used to be an energy correspondent of a newspaper in Nigeria’s business capital, Lagos. In that role, I covered the oil industry in Nigeria. As the country with the...

OPEC president Chakib Khelil warned Sunday that oil prices will continue to rise because of the falling dollar, in an interview in the Algeria-News.

The 4th of July is here and America is celebrating our independence, freedom and fortune. You know where I’m going with this right? First off let’s talk about the...

Oil soared to a record above $145 a barrel Thursday, fueled by concerns over a larger-than-expected drop in U.S. stockpiles and the threat of conflict with Iran

Oil slipped from a record high above $143 a barrel on Monday as weak U.S. demand countered mounting tensions between OPEC nation Iran and Israel. U.S. crude settled 21...

It was predictable that the oil men in the White House, one’s Bush and Cheney, would try something irrational to fill their coffers before leaving office. So to go...

Leading oil exporters have acknowledged the need to boost supplies to curb soaring prices but stopped short of specific commitments on extra output. Following their...

The oil market is plentifully supplied and the rally to record high prices is fake and imposed. Iran’s president said on Tuesday, blaming a weak U.S. dollar which...

Saudi Arabia, the world’s biggest oil exporter, has increased its output to meet rising demand and to compensate for declining production from other...

The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working...